Focus on shareholder value! – columns

Even if the precious metals and precious metal stocks had to give way yesterday, the overall picture has not deteriorated. Rather, we see an increased risk of correction in the standard stocks.

In the case of commodity stocks, on the other hand, thanks to Friday we can stock up again cheaply.

Once again excellent drilling results from Australia from Mawson Gold Limited (ISIN: CA5777891006 / TSX-V: MAW). It’s just amazing what this team of geologists can do. Regardless of whether drilling results from his project in Finland or from his project in Australia are presented, the results are always awesome!

This was also recently the case when the results of the additional diamond drill holes from the Sunday Creek project, which is 35 miles north of Melbourne, were recorded at hammer grades 3.3 g / t gold (Au) over 11.5 meters and 3.4 g / t Au over 4.2 meters. The deposit in the Victorian gold fields, which is 100% owned by the Canadian company, lives up to the name of its location and, above all, looks forward to more.

The new diamond drill holes at a glance!

The results from drill hole MDDSC005 provide grades of 3.4 g / t gold over 4.2 m from 88 m depth, 3.3 g / t gold over 11.5 m from 123.7 m depth including 52.6 g / t Au over 0.1 m from 123.7 m depth top values! But further high-grade anomalies were also found in the deeper “climes”, such as 17.9 g / t Au over 0.3 m from 128.2 m and 45.1 g / t Au over 0.3 m from 133 .5 m, which suggests high potential!

Source: Mawson Gold

The drilling was accompanied by testing of the parallel and down dip extensions of the historic ‘Apollo’ mine area. Here, too, visible gold was found within the quartz and stibnite veins – at depths of 88.7, 123.7, 128.2 and 130.9 meters. Without the use of a deeper cut, this mineralized zone was tested 1.3 g / t Au over 47.5 meters at a depth of 88 meters.

In turn, drill hole MDDSC004 intersected a low-grade gold mineralized zone between 44 and 104 meters in the area of ​​the Golden ‘Dyke’ mine, 400 meters west-northwest of drill hole MDDSC005. The borehole crossed a previously unregistered mine gap between 71.4 and 78.6 meters, with a core loss of 5.2 meters and thus with great potential for further tests of the already mined zone in deeper areas.

Further ‘Sunday Creek’ results are awaiting publication

Mawson Gold will publish the results of the eleven holes from Sunday Creek over a length of approximately 1.5 km. The results of the drilling of the now completed first drilling phase of the ‘Redcastle’ project are also expected, where the drills used have done an excellent job with a total of 15 drill holes and a length of slightly more than 2.7 km and are now moving on towards’ Doctors Gully ‘project in the’ Whroo Goldfield ‘.

“It is with great pleasure and excitement that we will continue to work on the expansion of the 40 meter wide zone, both in depth and along the strike length. This interesting target area is just one of many others that need to be examined and expanded in more detail on ‘Sunday Creek’ “said Michael Hudson, President and CEO of Mawson Gold.

He even sees strong evidence in the latest drill results for a widespread gold-rich system on the Sunday Creek project that is sure to produce many more great results.

With the prospect of further success in the systematic exploration of its two silver and gold projects, sends Summa Silver Corp. (ISIN: CA86565E1051 / CSE: SSVR) In the person and voice of its CEO Galen McNamara, optimistic New Years greetings to his shareholders.

In his address to shareholders, McNamara gives a look back on the successful past year and above all gives exciting insights into the Summa Silver strategy and goals for the still young 2021.

Prosperous Hughes Property project

The focus of Summa Silver’s 2020 activities was undoubtedly the exploration of the ‘Hughes’ deposit in the precious metals-rich ‘Tonopah’ district in the state of Nevada. For this purpose, boreholes over 7,500 meters in 15 boreholes were initially planned, which, however, was successively expanded or almost doubled to ultimately 14,600 meters in 29 boreholes.

Source: Summa Silver

The highlights of the Hughes drill program at a glance:

  • The discovery of high grade silver and gold mineralization in a total of four target areas over a 3.5 km trend.
  • In the area around the historic ‘Belmont’ mine, Summa Silver encountered numerous well-mineralized as well as previously unexploited deposits.
  • The ‘Ruby’ target discovery is likely a 1.3 km eastern extension of the ‘Tonopah’ district.
  • The ‘Murra’ area hosts broad zones of mineralization which in all likelihood intersect the western boundary of the ‘Hughes’ up to the ‘Tonopah West’ deposit owned by Blackrock Gold Corp. is located.
  • Samples from 14 drill holes, all of which intersected quartz and brecciated veins, are still pending analysis. All of this in turn is strong evidence of a major mineralized core with massive potential!

Option on Mogollon

In addition to expanding and successful exploration work on the Hughes project, Summa Silver also secured the option last year for a substantial portion of the historic Mogollon mine, typically located in Silver City, New Mexico. ‘Mogollon’ has been untouched or undrilled since the 1980s, with results from previous drilling indicating the outline of a target area in the old ‘Consolidated’ mine.

This target area extends over an area of ​​500 x 200 meters with a total of 8 drill holes which, according to previous reports, averaged 497 g / t silver (Ag) over 13.3 meters.

With a panoramic view of the Consolidated Mine target area, it can be seen that this area is only about 0.6 km of the total of 34 km of cumulative structure / vein length of the deposit. In context, the Consolidated Mine target area makes up less than 2% of the future target horizons of the deposit!

So will Summa Silvers in 2021

For the current year, Summa Silver’s CEO Galen McNamara is clearly setting the course for the further expansion of the drill program to ‘Hughes’ and ‘Mogollon’, in parallel with resource estimates for both projects. This two-pronged path should lead to further, significant added value for the Summa Silver shareholders in 2021.

The Hughes Deposit requires further drilling in the four defined target areas. Systematic ‘step out’ drilling is therefore also planned in the areas known to be mineralized. Also on the roadmap is a geological mapping and soil testing program for the wide and not yet adequately recorded zones of hydrothermal change in the northern and eastern sections of the deposit.

As far as the ‘Mogollon’ deposit is concerned, a comprehensive assessment of the mineral resources is to be carried out there through systematic grid drilling. Summa Silver expects the green light for this in the first quarter of 2021. Further plans for ‘Mogollon’ include the implementation of a geological mapping and soil testing program to help gain an even better understanding of the testing of silver and gold mineralization.

First successful year!

Even if one should believe that such a young company history does not allow such deep retrospectives, Summa Silver’s CEO Galen McNamara is already looking back on a successful year, even if it is actually the first:

“When we look back at the beginning of last year, we see that Summa Silver was little more than an ambitious idea. The fact that we can now look back on such a great success story after only one year is largely thanks to our shareholders, who are an important component of our past successes and will continue to be in the future! “

This year the added value for its shareholders will be further increased, which is not an ambitious goal due to the extensive geological expertise! In addition, Summa Silver has also been listed on the TSX Venture Exchange in Toronto under the symbol SSVR since Friday!

Essential reading for commodity investors is the precious metals report of Swiss Resource AG, which you can find HERE can read for free. This report contains everything you need to know about precious metals. Take a look at the report, it’s worth it!

many Greetings


Jörg Schulte

According to §34 WpHG I point out that Jörg Schulte, JS Research UG (limited liability) or employees of the company can buy or sell their own business in the shares of the companies presented at any time (e.g. long or short positions). This also applies to options and derivatives based on these securities. Any resulting transactions may, under certain circumstances, affect the company’s share price. The information, recommendations, interviews and company presentations published on the “websites”, the newsletter or the research reports are paid for by the respective companies or third parties (so-called “third parties”). The “third parties” include, for example, investor relations and public relations companies, brokers or investors. JS Research UG (limited liability) or its employees can partly be rewarded directly or indirectly for the preparation, electronic distribution and other services by the discussed companies or so-called “third parties” with an expense allowance. Even if we prepare every report to the best of our knowledge and belief, we advise you to consult other external sources, such as your house bank or a trusted advisor, with regard to your investment decisions. For this reason, liability for financial losses that may result from using the information discussed here for one’s own investment decisions is categorically excluded. Particularly in the case of raw material and exploration stocks and low capitalized stocks, the depot proportions of individual stocks should only be so much that even in the event of a total loss, the total depot can only lose marginal value. In particular, stocks with low market capitalization (so-called “small caps”) and especially exploration stocks, as well as all listed securities in general, are subject to considerable fluctuations in some cases. The liquidity in the securities can be correspondingly low. When investing in the raw materials sector (exploration companies, raw material producers, companies developing raw material projects), additional risks must be taken into account. Below are some examples of specific risks in the raw materials sector: Country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. export and import bans, punitive tariffs, prohibition of raw material extraction or raw material exploration, nationalization of projects), environmental requirements (e.g. higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks.

Disclaimer: All information published in the report is based on careful research. The information does not represent an offer to sell the shares discussed, nor an invitation to buy or sell securities. This report only reflects the personal opinion of Jörg Schulte and is in no way to be equated with a financial analysis. Before making any investments, professional advice from your bank is essential. The statements are based on sources that the publisher and his staff consider to be trustworthy. Nevertheless, no liability can be assumed for the correctness of the content. No guarantee is given for the accuracy of the charts and data on the commodity, currency and stock markets shown. The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the perspective of the translator, the message does not constitute a buy or sell recommendation! Read here – -. Please also note the original English message, if available.

PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.

Related Articles

Back to top button